Value-in-exchange or value-in-use? Empirical insights into consumer perceptions.

This paper considers consumer perceptions of value against the background of emerging paradigm shifts in marketing moving away from traditional transactional ‘value-in-exchange’ approaches where marketers create value for consumers, towards a concept of ‘value-in-use’ where it is the consumer who creates the value with the organisation deemed to be at best only a co-creator. Much of the relevant literature on governmental interventions is located within the public health arena, yet there is little which examines issues of value or value creation. This paper also therefore addresses this gap in the extant literature by considering issues of value in relation to engagement in physical activity and health in a leisure service setting

MEASURING USE VALUE FROM RECREATION PARTICIPATION

Recreation demand studies have traditionally utilized a two-step valuation method, estimating condtional recreation participation probabilities and then intensity of use decisions. These two steps of analysis are combined to estimate the use value of natural resource recreation sites. The purpose of this paper is to provide a method by which use value can be estimated solely from the participation decision. The one-step resource valuation method allows estimation of use values from coefficients of the logistic regression recreation participation equation. The benefits of the method are the reduced data and effort required to value natural resource areas.Resource /Energy Economics and Policy,

MEASURING USE VALUE FROM RECREATION PARTICIPATION: REPLY

Resource /Energy Economics and Policy,

Understanding the use value dimensions of outsourced maintenance services

Surviving in long-term outsourced maintenance contracts in current financial situation necessitates better understanding of what customers attribute as value and its dimensions. This paper reports on findings from research undertaken with a supplier of automation products and services and its customers. Structured interviewing technique has been conducted in four customer companies from different industrial sectors at different organizational levels. Value dimensions and their role in different decision making levels are identified

An Expected Value Approach to the Dual-Use Problem

In this chapter I examine how expected-value theory might inform responses to what I call the dual-use problem. I begin by defining that problem. I then outline a procedure, which invokes expected-value theory, for tackling it. I first illustrate the procedure with the aid of a simplified schematic example of a dual-use problem, and then describe how it might also guide responses to more complex real-world cases. I outline some attractive features of the procedure. Finally, I consider whether and how the procedure might be amended to accommodate various criticisms of it

MEASURING USE VALUE FROM RECREATION PARTICIPATION: COMMENT

Resource /Energy Economics and Policy,

Use of Singular-Value Decomposition in Gravitational-Wave Data Analysis

Singular-value decomposition is a powerful technique that has been used in the analysis of matrices in many fields. In this paper, we summarize how it has been applied to the analysis of gravitational-wave data. These include producing basis waveforms for matched filtering, decreasing the computational cost of searching for many waveforms, improving parameter estimation, and providing a method of waveform interpolation.Comment: 7 pages, Third Galileo - Xu Guangqi Conference Proceeding

Use and Perceived Value of Class Forums

Numerous studies have illustrated the ability of online class discussion forums to support college-level student learning and performance. Yet few instructors incorporate forums into their courses. Many believe that students will fail to find value in or even use class forums or they are concerned about increasing their instructional workloads. Herein we address these concerns via a mixed-methods study of our own students\u27 experiences with class forums

The Decision Value Computations in the vmPFC and Striatum Use a Relative Value Code That is Guided by Visual Attention

There is a growing consensus in behavioral neuroscience that the brain makes simple choices by first assigning a value to the options under consideration and then comparing them. Two important open questions are whether the brain encodes absolute or relative value signals, and what role attention might play in these computations.Weinvestigated these questions using a human fMRI experiment with a binary choice task in which the fixations to both stimuli were exogenously manipulated to control for the role of visual attention in the valuation computation. We found that the ventromedial prefrontal cortex and the ventral striatum encoded fixation-dependent relative value signals: activity in these areas correlated with the difference in value between the attended and the unattended items. These attention-modulated relative value signals might serve as the input of a comparator system that is used to make a choice

SIMULATED EFFECTS OF USE VALUE ASSESSMENT ON PROPERTY TAX RATES

Public Economics,